Describe some of the potential problems with using expansionary fiscal policy
What will be an ideal response?
Expansionary fiscal policy tends to cause inflation. It is difficult to accurately measure the size of the multiplier. It can cause different effects based on its financing. It is also politically cumbersome in terms of negotiating, enacting, and implementing the changes.
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Refer to Figure 13.1. If the voting method used to select a location for the recreation center is the plurality-rule method, the number of voters who will vote against the winning city is
A) 135. B) 195. C) 255. D) 405.
Which of the following is most consistent with the basic postulate of economics: changes in incentives exert a predictable impact on human behavior?
What will be an ideal response?
Refer to the information provided in Table 22.1 below to answer the question(s) that follow. Table 22.1
Refer to Table 22.1. The labor force equals
A. 14,000 people. B. 17,000 people. C. 18,000 people. D. 21,000 people.
The effect of monetary policy on real output is ________ due to deregulation's effect on the LM curve alone, and ________ due to deregulation's effect on the IS curve alone
A) strengthened, strengthened B) strengthened, weakened C) weakened, strengthened D) weakened, weakened